Published: 21 September 2017

The $400 million deal to recapitalize the National Railways of Zimbabwe has been thrown into jeopardy, after rival suitors for the parastatal, fronted by Cabinet ministers, launched a last minute bid to abort the transaction.

The ministers are pushing for the involvement of China Railway Eryuan Engineering Corporation which did not participate in the bidding process and Sinohydro which took part in the tender but lost out.

More to follow...

- Fin Gaz

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